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The Latest FedEx Headlines
FedEx: A Likely Buyout Target - Barron's
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<blockquote data-quote="buzzy" data-source="post: 219820"><p>I don't believe that the company will be for sale or bought out. Fred S could have sold the company years ago, and would have been financially set for generations. As much as people love to hate a winner and a leader, he will continue to run the company for years to come. As far as the overhead with the NLRB: The money he spends to fight them and defend the contractor model is a drop in the bucket compared to the money that comes in. Look at the profit margin. FedEx can fight this for years until it gets to the supreme court with appeal after appeal. I think it's UPS that leaked the rumor and it backfired, making FedEx more appealling than ever. The NLRB is only legally involved with the employees of FedEx, such as package handlers to clerks to management. Existing contractors have a great thing going and they know it. After leaving the building, nobody bothers them more than maybe once a day to see if they'd like to try an attempt one more time. Sometimes they can sometimes they can't. An employee has no choice. Funny that some people couldn't hack it and now they seek retribution out of nothing more than some greedy lawyers and union reps that stole from existing members who couldn't care less about them.</p></blockquote><p></p>
[QUOTE="buzzy, post: 219820"] I don't believe that the company will be for sale or bought out. Fred S could have sold the company years ago, and would have been financially set for generations. As much as people love to hate a winner and a leader, he will continue to run the company for years to come. As far as the overhead with the NLRB: The money he spends to fight them and defend the contractor model is a drop in the bucket compared to the money that comes in. Look at the profit margin. FedEx can fight this for years until it gets to the supreme court with appeal after appeal. I think it's UPS that leaked the rumor and it backfired, making FedEx more appealling than ever. The NLRB is only legally involved with the employees of FedEx, such as package handlers to clerks to management. Existing contractors have a great thing going and they know it. After leaving the building, nobody bothers them more than maybe once a day to see if they'd like to try an attempt one more time. Sometimes they can sometimes they can't. An employee has no choice. Funny that some people couldn't hack it and now they seek retribution out of nothing more than some greedy lawyers and union reps that stole from existing members who couldn't care less about them. [/QUOTE]
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